Hedge Funds May Be Offering More Value Than Headline Returns Numbers Suggest

It’s no secret that 2022 was challenging for hedge funds, but it was also challenging for every other asset class. Hedge funds did broadly generate negative returns in 2022, but most funds beat other asset classes. In fact, they had the lowest downside capture rate of any other downturn in the stock market since the bursting of the dotcom bubble in the early 2000s. In its 2023 Global Hedge Fund Industry Outlook entitled “The Tide has Turned,” Barclays reported several other positive trends for hedge funds over the last 20 years. Q1 2023 hedge fund letters, conferences and more Capturing…